Quantitative Techniques For Management

Class Test: I
1. What role does Business Statistics play in the management of a business enterprise.
Explain its scope and limitations?
2. Write short notes on the following:
a. Pie Diagrams
b. Histogram
c. Ogives
d. Frequency Polygon
3. The mean of the following frequency distribution was found to be 1.46.
No. of Accidents
0
1
2
3
4
5

No. of Days (frequency)

46
?
?
25
10
5
Total:
200
Calculate the missing frequencies?
4. In a small business firm, two typists are employed-typist A and typist B. Typist A types
out, on an average, 30 pages per day with a standard deviation of 6. Typist B, on an
average, types out 45 pages with a standard deviation of 10. Which typist shows greater
consistency in his output? What is their combined standard deviation?
5. From the following data obtain the two regression equations:
A
91
97
108
121
67
124
B
71
75
69
97
70
91

51
39

73
61

111
80

57
47

6. What are index numbers? What are the problems encountered during their construction?
7. Find the quartiles for the following class:
Class
70-80
80-90
90-100
100-110 110-120 120-130 130-140
Frequency
12
18
40
58
32
25
15